In an open letter revealed earlier right this moment, Brad Gerstner, founder and chief govt of know-how funding agency Altimeter Capital, referred to as for main modifications at Meta, arguing that the corporate has “drifted into the land of excess.”
Gerstner’s letter, addressed to Mark Zuckerberg and Meta’s board of administrators, identified Meta’s “startling” monetary decline over the previous 18 months, which he says has included the corporate’s inventory value dropping by 55%. “And…
